Kanye West no longer a billionaire as Adidas cuts ties with Yeezy brand
The majority of West’s fortune was based on a multiple of annual earnings from Adidas.
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Adidas terminates partnership with African-American billionaire Kanye West
The decision will cost Adidas up to $247 million in earnings this year.
Kanye West agrees to buy social networking platform Parler
Last week, Twitter Inc. removed an anti-Semitic post from Ye’s account.
Avalara shareholders approve $8.4-billion deal with Robert Smith’s Vista Equity
Vista Equity Partners is a leading global investment firm led by America’s richest Black person, Robert Smith.
Led by Nigerian banker Peter Ashade, United Capital posts $17.7 million in profit in 9M 2022
Ashade has been at the helm of United Capital since 2018.
Senegalese-born TikToker Khaby Lame becomes Qatar Nat’l Bank’s World Cup ambassador
Lame has over 150 million TikTok followers.
Serena Williams’ VC firm leads $12.3-million investment in Ugandan fintech startup, Numida
Through Serena Ventures, Williams has invested in more than 60 startups.
HRH QUEEN ER II: Death and Succession
There is a well-known phrase that states that “nothing is certain but death and taxes.”
Oprah Winfrey, Apple TV+ end multiyear content deal
In recent years, Winfrey has focused on her media empire.
Billionaire Robert Smith’s Vista Equity offers $4.22 billion to acquire Florida cybersecurity firm, KnowBe4
Vista Equity Partners has formed a special committee to oversee the acquisition.
Kanye West’s Yeezy brand terminates deal with U.S. retailer Gap
Gap earlier made headlines for selling Yeezy products in its Times Square store.
African-American billionaire Oprah Winfrey earns $6.6 million in profit from sale of CA property
Her primary residence is still her 66-acre “Promised Land” estate in Montecito, California.
African-American mogul Sean ‘Diddy’ Combs invests $2 million in Philly startup, REC
Forbes estimated Diddy’s net worth to be $740 million in 2019.
African-American billionaire Shawn ‘Jay-Z’ Carter’s has now lost $100 million since start of 2022
Jay-Z is the world’s 2,076th richest man.
Robert Smith, America’s richest Black person, sees net worth rise by $2.95 billion in 2022
The performance of his stake in Vista Equity Partners can be thanked for the billion-dollar increase in his net worth.
Billionaire Robert Smith’s Vista Equity partners with NACD, SHRM to increase board diversity
Vista is a renowned global investment firm run by Smith, America’s richest Black man.